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NEW YORK, Aug. 31 (Xinhua) -- Oil prices plummeted to below 70 U.S. dollars a barrel on Monday as investors were rattled by the sharp decline in China's equities market.     Light, sweet crude for October delivery lost 2.78 dollars, or 3.8 percent, to settle at 69.96 dollars a barrel on the New York Mercantile Exchange. The contract fell to the intraday low of 69.13 dollars a barrel. Global stock markets dropped broadly after China's Shanghai Composite Index dived almost 7 percent, spurring concerns about the pace of world economic recovery.     Oil prices have found support from optimism that a potential turnaround in the economy could boost flagging fuel consumption, which sent the futures up to a fresh ten-month high of 75 dollars a barrel. However, oil failed to break the 75-dollar psychological barrier and fell back to around 70 dollars a barrel as investors were worried that the market might have gotten too far ahead of the economy.     In London, Brent Crude for October delivery tumbled 3.52 dollars, or 4.8 percent, to 69.27 dollars a barrel on the ICE Futures exchange.

PHUKET, Thailand, July 21 (Xinhua) -- China is willing to cooperate with the Philippines to push forward the relations between the two countries, said Chinese Foreign Minister Yang Jiechi in the meeting with his Philippine counterpart Alberto Romulo Tuesday.     The Chinese government encourages and supports competitive enterprises to invest in the Philippines, and it also promotes cooperation in areas such as agriculture and new energy, said Yang. Chinese Foreign Minister Yang Jiechi (L) meets with his Philippine counterpart Alberto Romulo in Phuket, southern Thailand, July 21, 2009The Philippines will also work with China to push forward the relations between the two countries, said Romulo.     The year 2010 marks the 35th anniversary of establishment of diplomatic relations between the two counties.     Both Yang and Romulo will take part in an ASEAN Regional Forum held on Thursday. The ASEAN, or the Association of Southeast Asia Nations, groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

NANJING, Aug. 30 (Xinhua) -- China's chief justice Sunday urged the people's courts all over the country to attach great importance to the trial of major and serious criminal cases and timely handle them in strict accordance with the law.     Wang Shengjun, president of the Supreme People's Court, made the remark while attending a national workshop on hearing major and serious criminal cases held in Nanjing, capital of east China's Jiangsu Province.     Wang urged courts at various levels to be fully prepared for handling major and serious criminal cases, which is a heavy task at present and will be so in a certain period of time in the future.     Courts at all levels shall timely investigate and conclude major and serious criminal cases in accordance with the law to serve goals of safeguarding national security and social stability, Wang said.

BEIJING, Aug. 19 (Xinhua) -- China on Wednesday called for more policy assistance and financial support to encourage the development of small and medium-sized enterprises (SMEs).     Attendees at a State Council executive meeting, chaired by Premier Wen Jiabao, agreed that promoting the sound development of the SMEs was of great importance to maintain economic growth and social stability.     The government would exert more efforts to improve the policy and law system to create a more open and fair competition environment for SMEs.     Measures would be taken to help SMEs tackle financing difficulties, and the establishment of the Growth Enterprise Market (GEM), the country's first Nasdaq-style market, would speedup helping small companies raise fund.     The central government would also increase funding to support the SMEs, especially in sectors such as technological innovation, industrial structure adjustment and employment.     The government would pick some SMEs to participate in the country's subsidized purchasing program of home appliances, agricultural machinery and automobiles in rural areas as well as the auto, home appliance replacement program.     Attendees at the meeting demanded better services for SMEs and support to promote technological progress and structure adjustment in SMEs.     They also reviewed and approved draft regulations on national body-building and on the administration of joint-venture establishment of foreign companies or individuals in China. Both regulations would be released to public after further revision.

BEIJING, Sept. 14 (Xinhua) -- A seminar was held Monday on the recently-published book of important documents from between April, 1948 and January, 2009 of the Chinese People's Political Consultative Conference (CPPCC), China's political advisory body.     Jia Qinglin, chairman of the CPPCC National Committee, met with participants attending the seminar. Jia Qinglin (R), chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee, shakes hands with one of the participants attending a seminar in Beijing, capital of China, Sept. 14, 2009. The seminar was held Monday on the recently-published book of important documents from between April,1948 and January, 2009 of the CPPCC, China's political advisory body. This year marks not only the 60th anniversary of the founding of the People's Republic of China but also the establishment of the CPPCC.     The book consists of 142 important documents which are divided into three volumes. Some documents are being made public for the first time. Jia Qinglin (2nd L), chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee, acquaints himself with the information about the publication and circulation of a book of important documents of the CPPCC in Beijing, capital of China, Sept. 14, 2009"The publishing of the documents will help cadres and people review the great history of Chinese revolution, construction and reform, " said Wang Gang, vice chairman of the CPPCC National Committee, at the seminar.     "It is also significant to help people better understand the important role of the CPPCC and its historical achievements." he said. Wang Gang (C, back row), vice chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee, attends a seminar in Beijing, capital of China, Sept. 14, 2009. The seminar was held Monday on the recently-published book of important documents from between April,1948 and January, 2009 of the CPPCC, China's political advisory body